Steem (STEEM) Hits Market Cap of $139.38 Million

Steem (STEEM) traded 0.7% higher against the dollar during the 24 hour period ending at 15:00 PM Eastern on May 4th. One Steem coin can now be bought for approximately $0.30 or 0.00000475 BTC on popular cryptocurrency exchanges. Steem has a total market cap of $139.38 million and $15.18 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded 4.1% higher against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 2.6% against the dollar and now trades at $63,625.22 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 15.1% against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Bitcoin Cash (BCH) traded 4.1% higher against the dollar and now trades at $465.04 or 0.00730759 BTC.
• Litecoin (LTC) traded 0.8% higher against the dollar and now trades at $82.18 or 0.00129142 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.82 or 0.00009138 BTC.
• Ethereum Classic (ETC) traded 1.3% higher against the dollar and now trades at $27.15 or 0.00042664 BTC.
• Monero (XMR) traded up 2.6% against the dollar and now trades at $127.17 or 0.00199830 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $35.64 or 0.00056004 BTC.
• Bitcoin SV (BSV) traded 5% higher against the dollar and now trades at $65.41 or 0.00102790 BTC.
• eCash (XEC) traded up 5.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Steem

Steem (STEEM) is a proof-of-work (PoW) coin that uses the PoS hashing algorithm. It was first traded on March 24th, 2016. Steem’s total supply is 461,173,051 coins. The Reddit community for Steem is https://reddit.com/r/steemit and the currency’s Github account can be viewed here. Steem’s official Twitter account is @steemit and its Facebook page is accessible here. The official website for Steem is steem.com. Steem’s official message board is steemit.com/@steemitblog.

According to CryptoCompare, “Steem (STEEM) is a blockchain-based social media platform that rewards content creators with STEEM tokens. Created by Ned Scott and Dan Larimer, it promotes decentralized content creation and curation, providing an alternative to traditional social media.”

Buying and Selling Steem

It is usually not presently possible to purchase alternative cryptocurrencies such as Steem directly using U.S. dollars. Investors seeking to acquire Steem should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the aforementioned exchanges.

STEEM/USD price chart by TradingView